Stock Market Update
29-Sep-25 12:25 ET
Memory chip names outperform
Dow -32.95
at 46214.13,
Nasdaq +119.69
at 22603.76,
S&P +16.26
at 6659.95
[BRIEFING.COM] The major averages have stabilized after a dip from earlier session highs as sector strength continues to fluctuate.
The information technology sector (+0.6%) still leads all sectors despite previously holding a gain wider than 1.0%.
While NVIDIA (NVDA 181.67, +3.48, +1.95%) still holds a solid gain, chipmakers are seeing some selling activity, with the PHLX Semiconductor Index (+0.7%) seeing its early gain halved.
Meanwhile, the sector continues to benefit from strong demand for NAND products. Western Digital (WDC 114.92, +8.04, +7.52%) and Seagate Tech (STX 226.75, +9.24, +4.25%) both trade higher as Sandisk (SNDK 110.96, +13.84, +14.25%) resumes its impressive rally after a brief sell-off last week.
Sandisk notably implemented a 10% price hike for NAND products in new orders this month amid surging AI and data center demand.
